Resolving Partnership Disputes in Restaurants: Key Legal Considerations
Resolving Partnership Disputes in Restaurants: Key Legal Considerations By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Partnership disputes are common in the restaurant industry, where high-stress environments, financial pressures, and differing business visions can create tension between partners. If not handled properly, these disputes can disrupt operations, damage the restaurant’s reputation, and even lead […]
Restrictive Covenants in Restaurant Ownership Agreements: Enforceability in New York
Restrictive Covenants in Restaurant Ownership Agreements: Enforceability in New York By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Restrictive covenants are critical in restaurant ownership agreements to protect business interests, prevent unfair competition, and safeguard proprietary information. However, in New York, courts scrutinize these clauses to ensure they are reasonable and enforceable. Restaurant owners […]
Key Updates for Cannabis Licensees, Investors, and Entrepreneurs
Recent Local, State, and Federal Updates to Cannabis Law and Regulations will have a significant impact on New York State’s Adult-Use Cannabis ecosystem By Nicholas T. Terzulli, Senior Counsel | Cannabis Law Practice Key Updates for Cannabis Licensees, Investors, and Entrepreneurs Town of Riverhead The Town of Riverhead is one of only a handful of […]
When To Seek Judicial Dissolution For Your Restaurant Business
When To Seek Judicial Dissolution For Your Restaurant Business By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction:Running a restaurant with business partners can be a rewarding venture, but partnerships don’t always go as planned. Disagreements, financial troubles, and breaches of fiduciary duty can create conflicts so severe that continuing operations together becomes impossible. […]
Mediation vs. Litigation: Resolving Restaurant Ownership Disputes
Mediation vs. Litigation: Resolving Restaurant Ownership Disputes By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction:In the fast-paced and high-stakes world of restaurant ownership, conflicts among business partners can arise from financial disagreements, operational decisions, or differing visions for the restaurant’s future. When disputes escalate, they can disrupt business operations, damage professional relationships, and […]
How to Structure Real Estate Ownership for Maximum Asset Protection in the Restaurant Industry
How to Structure Real Estate Ownership for Maximum Asset Protection in the Restaurant Industry By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: For restaurant owners in New York, owning real estate can be a powerful asset—offering stability, long-term equity growth, and operational control. However, real estate ownership also exposes your business and personal […]
Trusts as Asset Protection Tools for Restaurant Owners
Trusts as Asset Protection Tools for Restaurant Owners By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law For restaurant owners, protecting business and personal assets from lawsuits, creditors, and financial risks is essential. One of the most effective legal strategies is using trusts to shield wealth and ensure long-term financial security. Trusts provide a structured […]
Asset Protection 101 for New York Restaurant Owners with Real Estate Interests
Asset Protection 101 for New York Restaurant Owners with Real Estate Interests By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Introduction: Owning and operating a restaurant in New York comes with significant financial and legal responsibilities—especially when real estate is part of your investment portfolio. As a restaurant owner, you face unique risks that […]
Why Restaurant Owners Need Asset Protection Strategies
Why Restaurant Owners Need Asset Protection Strategies By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law Running a restaurant comes with financial risks, including lawsuits, creditor claims, and unforeseen business downturns. Without proper asset protection strategies, restaurant owners may expose their personal wealth and business investments to significant liabilities. Implementing legal safeguards can help protect […]
Enforcing Operating Agreements in Restaurant LLCs: Common Pitfalls and Solutions
Enforcing Operating Agreements in Restaurant LLCs: Common Pitfalls and Solutions By Andreas Koutsoudakis, Partner | Hospitality and Restaurant Law A well-drafted Operating Agreement is crucial for restaurant LLCs, setting clear rules for ownership, management, and dispute resolution. However, even the best agreements can become a source of conflict if not properly enforced. Business owners must […]